Concord Corporation purchased a truck at the beginning of 2020 for $109800. The truck is estimated to have a salvage value of $5100 and a useful life of 124000 miles. It was driven 22000 miles in 2020 and 30000 miles in 2021. What is the depreciation expens- for 2021? (Round intermediate calculations to 3 decimal places, e.g. 0.245.) O $43888 O $6980 O $27798 O $25320

Concord Corporation purchased a truck at the beginning of 2020 for $109800. The truck is estimated to have a salvage value of $5100 and a useful life of 124000 miles. It was driven 22000 miles in 2020 and 30000 miles in 2021. What is the depreciation expens- for 2021? (Round intermediate calculations to 3 decimal places, e.g. 0.245.) O $43888 O $6980 O $27798 O $25320

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 4EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...

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